BTC falling wedge, squeeze out from 50-53k

28 nov 2021

Bitcoin has entered a falling wedge converging near the 50k mark. Expect a breakout from this range soon and look for declining volumes as we approach 50k. These patterns are usually very reliable. With the crypto fear index reaching extreme lows, we can expect the price to bounce in one way shape or form. I am not just advocating a trend reversal, but also the possibility of an intermediary bounce that falls back down.